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25 February 2020

Perrigo CEO Murray Kessler Photo: Perrigo PR Perrigo launches generic version of Teva's ProAir

ProAir HFA is one of Teva's important branded products.

Tel Aviv coastline Photo: Shutterstock Tel Aviv trending on TripAdvisor top-ten

The Israeli city is listed ninth in the online travel site's top-ten trending destinations.

25/02/2020 17:31 Tourism Simon Griver
Dror Ben-Asher RedHill buys AstraZeneca constipation drug rights

The Israeli drug developer will pay $67.5 million for Movantik, which treats opioid-induced constipation.

HP Indigo Rehovot  / Photo: Eyal Izhar, Globes HP-Indigo to force employees on extended Passover leave

The company is also likely to cancel its holiday gifts to its employees.

25/02/2020 16:04 Employment Omri Zerachovitz
Airport workers in masks against coronavirus  / Photo: Reuters Coronavirus could cut Israel's annual growth by 1%

The Bank of Israel has already cut Israel's growth forecast for 2020 to 2.9%.

25/02/2020 15:19 Economy Amiram Barkat
Zohar Levkovitz Toxic online content filter co L1ght raises $15m

L1ght’s proprietary algorithms identify and eradicate cyberbullying, harmful content, hate speech, and predatory behavior.

25/02/2020 14:30 Start ups Globes correspondent
startups Israeli personal robot co Temi raises $15m

Temi helps deal with the coronavirus using its remote video and autonomous navigation capabilities.

Eldad Fresher Mizrahi Tefahot Q4 profit more than doubles

Mizrahi Tefahot Bank's board of directors have decided to distribute a dividend of NIS 176 million on fourth quarter profits.

Shai Novik Photo: Eyal Yitzhar Enlivex plummets after raising cash at discount

Enlivex Therapeutics exploited yesterday's rise in its share price to raise $8 million.

25/02/2020 11:35 Healthcare Shiri Habib-Valdhorn
Benjamion Netanyahu and Benny Gantz Polls show resurgent Likud tying with Blue & White

The fighting on the Gaza Strip border in the past couple of days may have tilted voters rightward.

25/02/2020 11:07 Politics Shlomit Ravid
Yaron Pereg / Photo: PR Cancer treatment co Kahr Medical raises $18m

The round was led by Flerie Invest AB, Oriella Limited, Hadasit Bio-Holdings, Pavilion Capital, and Mirae Asset Venture Investment.

25/02/2020 10:07 Healthcare Globes correspondent
Josef (Yossi) Maiman Yossi Maiman pays NIS 117m tax on EMG sale

The long-running saga of Maiman's tax liability on the realization of his stake in East Mediterranean Gas has finally been concluded.

25/02/2020 09:41 Economy Ela Levi-Weinrib

24 February 2020

Shekel strengthens after rate kept unchanged

Since the previous interest rate decision, the shekel has strengthened by 3% in terms of the nominal effective exchange rate, the Bank of Israel said.

24/02/2020 19:32 Market Globes correspondent
Teva digital asthma inhaler wins FDA nod

The ArmonAir Digihaler is for the treatment of asthma in patients 12 years and older.

24/02/2020 18:07 Healthcare Globes correspondent
Water Authority mulls opening Kinneret dam

The Water Authority prefers opening the dam at the southern end of the lake to pumping more water for consumers.

24/02/2020 17:11 Water Amiram Barkat
Drug developer PolyPid to file for Wall Street IPO

The company raised $50 million six months ago from its existing shareholders, and has now raised a total of $105 million.

Fattal's Rooms leases shared workspace in Acro Tel Aviv tower

Rooms has signed a lease agreement for three floors covering 4,500 square meters.

24/02/2020 16:34 Real estate Guy Lieberman
Despite slowdown concerns, Bol keeps rate unchanged

Bank of Israel: It will be necessary to leave the interest rate at its current level for a prolonged period or to reduce it.

24/02/2020 16:17 Economy Globes correspondent
Israel's Enlivex reports drug could help COVID-19 patients

Enlivex Therapeutics is increasing production of Allocetra, for treating patients with multisystem failure.

24/02/2020 15:04 Healthcare Shiri Habib-Valdhorn
Unemployment in Israel remains at low-point

Unemployment among the population aged 15 and up in January remained at its lowest point of 3.6%, unchanged from December, the Central Bureau of Statistics reports.

24/02/2020 14:22 Economy Amiram Barkat
El Al hikes cargo prices

El Al: Prices are affected by foreign airlines on which we transship.

24/02/2020 13:18 Economy Michal Raz-Chaimovich
Israeli air strike kills six in Syria - report

The IDF has acknowledged that it hit Islamic Jihad targets in Syria and the Gaza Strip in response to intense rocket fire on southern Israel.

24/02/2020 11:51 Politics Globes correspondent
Virus forces further cutbacks on Arkia

Arkia Airlines chairman Avi Homero has told employees additional streamlining will be required beyond the existing recovery plan.

24/02/2020 11:40 Tourism Michal Raz-Chaimovich
Likud takes poll lead for first time

The two latest voter surveys predict that Benjamin Netanyahu's Likud will be the largest party in the Knesset after March 2.

24/02/2020 09:59 Politics Shlomit Ravid

23 February 2020

Beer Yaakov to triple in size

The District Planning and Building Commission approved a plan adding 27,000 housing units to the town.

23/02/2020 18:26 Real estate Guy Nardi
Israel Electric buys gas 45% below Tamar prices

With the coronavirus outbreak pushing down gas prices, IEC has bought liquefied natural gas for $3.39 and $3.61 per BTU.

23/02/2020 18:19 Energy Amiram Barkat
Gov't has spent NIS 100m to keep virus out of Israel

The Israeli economy will be hit hard by the growing effects of the coronavirus, even if the illness is successfully kept out of the country, economists warn.

23/02/2020 17:53 Healthcare Amiram Barkat
Teva shed 37% of Israel workforce in two years

Teva had 3,961 employees in Israel at the end of 2019, a reduction of 2,284  in two years, including 932 in 2019.

23/02/2020 16:41 Healthcare Shiri Habib-Valdhorn
Network security co Zero Networks raises $4.65m

The Israeli company has also unveiled its Zero Networks Access Orchestrator, a network security platform that automatically defines, enforces and adapts user- and machine-level network access policies.

23/02/2020 16:12 Start ups Globes correspondent
104 Beit Shemesh buyers stuck with no home

A support wall in the Neve Shamir neighborhood collapsed, bringing the housing project there to a halt as the contractor and government blame each other.

23/02/2020 16:01 Real estate Guy Nardi
Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Efrat, Tsur Hadassah, Givat Yearim, Gan Yavne, and Poriah Illit.

23/02/2020 14:52 Real estate Dafna Bramly-Golan
El Al unlikely to launch Tel Aviv - Tokyo route next month

Having suspended flights to Beijing and Hong Kong, the Israeli carrier is also set to suspend flights to Bangkok because of the coronavirus.

23/02/2020 14:28 Tourism Michal Raz-Chaimovich
Bino bets well on FIBI and against Paz

Forced to sell his controlling stake in either Paz or First International Bank, Zadik Bino chose the share the soared rather than the share which plunged.

23/02/2020 12:45 Financial services Aviv Levy
Cybersecurity insurance co At-Bay raises $34m

The Israeli company helps businesses navigate risk with continuous vulnerability monitoring. As part of the insurance policy.

Israel refuses entry to Korean Air passengers

The rapid spread of coronavirus COVID-19 in South Korea led the Israeli authorities to send a Korean Air plane and its 200 Korean passengers back to Seoul yesterday evening.

20 February 2020

Compugen expands agreement with BMS

Israeli drug discovery company Compugen is conducting three cancer treatment trials this year, two of them with Bristol-Myers Squibb.

20/02/2020 20:13 Healthcare Gali Weinreb
Israel Railways chairman departs in electrification dispute

Dan Harel announced his immediate resignation following rejection of his proposal to end the contract with Spanish company SEMI in the chronically delayed NIS 12 billion electrification project.

Police probe Palmachim desalination plant

The investigation concerns falsification of water quality tests.

Master plan will see Givatayim grow to 100,000

The new plan emphasizes urban renewal, preservation of the city's character, and pedestrians.

20/02/2020 18:50 Real estate Guy Nardi
SolarEdge soars on strong Q4 results

The Israeli solar energy company has seen its market cap break through the $6 billion barrier.

20/02/2020 15:17 Energy Globes correspondent
Israeli HR tech co Actiview raises $10m

Actiview today announced the completion of a Series A financing round led by Teddy Sagi Group.

Shekel weakens as possible rate cut looms

The Bank of Israel Monetary Committee meets next Monday to decide on the interest rate and 50% of analysts see the bank cutting the rate from 0.25% to 0.1%.

20/02/2020 13:31 Market Globes correspondent
Berlin Municipality to halt Via ridesharing funding - reports

The Berlin municipality coalition partners have decided against allocating money to the BerlKoenig project, according to local media reports. Via: The matter is still under discussion.

Gantz: Fifth Dimension investigation is political

Blue & White leader Benny Gantz said, "I knew it would come, because there is political pressure on the State Attorney's Office to do something."

20/02/2020 11:34 Politics Tal Schneider
Integer buys Israeli medical device co Inomec

Inomec will become Integer's Israel development and sales center.

Wix worth over $8b as company reports 2019 results

The Israeli DIY website company sees collections exceeding $1 billion in 2020, compared with $832.5 million in 2019.

20/02/2020 09:21 IT Globes correspondent
Cellcom to keep Golan as independent brand

Cellcom has come to the conclusion that it has much to learn from Golan Telecom.

19 February 2020

Teva CEO: We have to launch new products

Kare Schultz told Teva's annual press conference that streamlining and optimization won't be enough to get the company back to substantial growth.

19/02/2020 21:07 Healthcare Shiri Habib-Valdhorn
Exalenz Bioscience sold at NIS 165m valuation

The price at which the company is being sold is 97% lower than the price at which trading in the share began in 2007.

19/02/2020 17:02 Healthcare Gali Weinreb
Israeli EV charging co Driivz raises $11m

The investment from fueling technology company GVR will enable Driivz to expand EV charging solutions for forecourts and fleet applications.

19/02/2020 16:07 Start ups Globes correspondent
Cathay Pacific suspends Tel Aviv - Hong Kong flights

The Hong Kong airline has suspended flights between Tel Aviv and Hong Kong between February 24 and March 31 due to the coronavirus outbreak.

Rami Levy to open post office in supermarket

Israel Postal Company is expanding its cooperation with retailers.

19/02/2020 15:38 Retailing Shany Moses
New Zealand co LIC buys 50% Afimilk stake

The New Zealand farming cooperative is buying the stake in the dairy farm systems company from Kibbutz Afikim and Fortissimo.

Teeth whitening co Mavrik Dental Systems raises $30m

Global life science investment group Ally Bridge Group has invested $70 million in two Israeli companies.

19/02/2020 15:03 Healthcare Globes correspondent
Barenboim buys Somoto's app distribution activity

The $10 million acquisition price could rise as high as $34.3 million, depending on performance.

19/02/2020 14:46 IT Kobi Yeshayahou
Israeli co NeoTX Therapeutics raises $45m

The Rehovot-based company is leveraging its proprietary Selective T cell Redirection (STR) platform to develop targeted anticancer immunotherapies.

19/02/2020 14:14 Healthcare Globes correspondent
Mizrahi Tefahot CEO Eldad Fresher steps down

Fresher is the fourth CEO of a major Israeli bank to resign in the past year.

El Al to launch Tel Aviv - London Stansted flights

The Israeli carrier, which last operated flights from London Stansted in 2009, will launch a five-times a week service starting June 28.

19/02/2020 12:48 Tourism Simon Griver
Kinneret just 1 meter from maximum level

The level of the lake has been rising an average of 2 centimeters per day so that the lake is likely to be full by the end of April, if not before.

19/02/2020 11:45 Water Globes correspondent
Israeli startups urged to take it more slowly

Startups try to speed-up the POC process without thinking about issues for investors such as, exclusivity and IP," Adv. Guy Lachmann told a startup conference in Tel Aviv.

19/02/2020 10:57 Start ups Globes correspondent
Big data seed breeding co Equinom raises $10m

The Israeli company's non-GMO technology optimizes seed functionality to increase plant yield, higher nutritional value, disease resistance and more.

19/02/2020 10:29 Start ups Globes correspondent
Israel Chemicals buys US precision agriculture co Growers

The acquisition of Growers Holdings is part of Israel Chemicals strategy of enhancing its digital services.

Israeli cybersecurity co SentinelOne raises $200m

Insight Partners led the financing round at a company valuation of more than $1 billion.

19/02/2020 08:21 Start ups Omri Zerachovitz
Cellcom signs binding agreement to buy Golan Telecom

The merger will make Cellcom, Israel's largest mobile phone operator with 3.4 million subscribers.

18 February 2020

Date set for start of Netanyahu trial

The trial will begin on March 17, but hearing of evidence in the case will begin only six months from now.

18/02/2020 19:05 Legal Chen Ma'anit
El Al counting on gov't aid to beat virus crisis

Minister of Transport Bezalel Smotrich: If the state wants to preserve its civil aviation, it has to help.

18/02/2020 18:02 Tourism Michal Raz-Chaimovich
Shaul Elovitch to forego hearing on Bezeq case

The hearing would be before the same prosecutor who dismissed Elovitch's claims in a different Bezeq case.

18/02/2020 17:32 Legal Chen Ma'anit
Cellcom set to buy Golan Telecom for NIS 750m

Terms have been agreed between the two mobile phone companies. The merger will make Cellcom Israel's biggest mobile phone operator.

18/02/2020 16:09 Market Gad Perez
GE expands advanced imaging activities in Israel

The Israel Innovation Authority has granted GE NIS 50 million to expand its Rehovot center.

18/02/2020 15:50 Healthcare Gali Weinreb
Shekel pushes euro to new 18-year low

Despite the possibility of a rate cut from 0.25% to 0.1%, the shekel continues to appreciate.

18/02/2020 14:33 Market Globes correspondent
Elbit wins $670m Asia Pacific defense solutions deal

The Israeli defense electronics company has now won over $1 billion in contracts this year.

Israeli IoT chip co Wiliot raises $20m

The company eliminates expensive, bulky, on-tag sensors, by shifting the analytics to a cloud system that can learn and improve over time.

First bids submitted for Israel's 5G tender

Bids were filed despite disputes and tensions involving communication market mergers.

Tower Semiconductor dips as Q4 disappoints

Fourth quarter 2019 quarter revenue and profit fell short of the analysts' consensus.

18/02/2020 12:37 IT Omri Cohen
Strauss buys Brazilian coffee company

Strauss Group's 3C joint venture will pay NIS 167 million for Mitsui Alimentos Ltda.

18/02/2020 11:27 Basic industries Shany Moses
Poll shows no shift in Israelis' voting intentions

Israel's third election campaign in a year is moribund, and a unity government remains the only way out of the political deadlock.

18/02/2020 10:30 Politics Shlomit Ravid
Dov Moran's Grove Ventures raises $120m second fund

The fund will invest in early-stage Israeli deep technology companies.

18/02/2020 09:55 Start ups Yasmin Yablonko

17 February 2020

Nahariya to double in size

The Northern District Planning and Building Committee has adopt the policy document for developing the city over the next 20 years.

17/02/2020 19:23 Real estate Guy Nardi
Yeinot Bitan's lifeline feared fraying

It is not clear whether the supermarket chain's finance deal with Klirmark Capital will go ahead, and suppliers are becoming anxious.

17/02/2020 18:48 Retailing Shany Moses
LAYAM opens souvenir store at Ben Gurion Airport

LAYAM has invested NIS 1.5 million in renovating and enhancing its new duty free store in Ben Gurion airport's Terminal 3.

17/02/2020 18:10 Tourism Globes correspondent
Smart road trial success boosts ElectReon Wireless

ElectReon is now gearing up for dynamic operation of its vehicle charging system on a public road in Sweden.

El Al CEO: We may have to take dramatic measures

Gonen Usishkin says all airlines are in crisis over the coronavirus and El Al may have to make painful decisions.

Grant Thornton Israel: Record foreign investment deals in 2019

There were 261 major investment deals in Israel in 2019 compared with 252 in 2018, reports Grant Thornton Israel (Fahn Kanne).

17/02/2020 15:01 Economy Globes correspondent
Shekel gains despite rate cut expectations

Leader Capital Markets macroeconomist Yonatan Katz: Annual inflation has fallen to 0.3% and is expected to continue falling, increasing the likelihood of an interest rate cut.

17/02/2020 14:50 Market Globes correspondent
Israeli gov't natural gas revenues fell in 2019

The Ministry of Energy expects a major jump in gas revenues in 2020 as the Leviathan field has begun producing gas.

17/02/2020 14:28 Energy Amiram Barkat
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